Bitcoin miners are facing some serious financial headwinds, according to recent data. Could this lead to a big Bitcoin sell-off? Let’s dive in. Miners Feeling the Pinch An indicator called “Miner Profit/Loss Sustainability” is flashing red. This metric compares how much miners earn to how hard it is to mine Bitcoin. A high positive value…
A Florida man lost almost his entire life savings – $860,000 – in a cryptocurrency trading scam. He thought he’d found a get-rich-quick scheme, but it turned out to be a devastating loss. The Fake Academy and Exchange The scam was run by two seemingly legitimate entities: Alpha Stock Investment Training Center (ASITC) and CoinBridge,…
Ethereum recently dipped below $2,500, causing a pullback towards $2,200. But don’t count it out just yet! Technical analysis suggests a significant rebound could be on the horizon. A Bullish Chart Pattern Emerges Crypto analyst Rose Premium Signals spotted a “Cup and Handle” pattern on Ethereum’s weekly chart. This bullish pattern often precedes a price…
Walmart is on the hook for a hefty $10 million settlement. The Federal Trade Commission (FTC) sued the retail giant, claiming Walmart knowingly allowed scammers to use its money transfer services to rip off customers. Ignoring the Red Flags The FTC’s lawsuit alleges that between 2013 and 2018, Walmart ignored widespread fraud happening through its…
R0AR, a DeFi platform, announced its 1R0R token is now available on BitMart, a major centralized exchange (CEX). This is a big deal, as it’s 1R0R’s first time on a CEX, making it much more accessible to a wider audience. Co-founder and CTO Dustin Hedrick called it a “testament to our community’s belief in a…
Dubai-based GAP 3 Partners (G3) has become the first virtual asset investment advisor in Dubai to receive a full operational license from the Virtual Assets Regulatory Authority (VARA). This makes them the first firm authorized to offer a complete range of services to institutional clients in the Emirate. A Milestone for Dubai and G3 This…
A popular crypto analyst is pouring cold water on predictions that Bitcoin (BTC) has already peaked. He believes the cryptocurrency’s upward trend is far from over. Bitcoin’s Upward Momentum Remains Strong Cheds, a crypto strategist with a large YouTube following, argues that Bitcoin’s long-term upward trajectory is intact. He points to the weekly chart, showing…
Metaplanet, a Tokyo-based investment firm, is making a massive bet on Bitcoin. They’ve just added another 1,111 Bitcoin to their holdings, bringing their total to a whopping 11,111 BTC! A Billion-Dollar Bitcoin Stash This latest purchase, costing around $118.2 million (at an average price of $106,408 per Bitcoin), pushes Metaplanet’s total Bitcoin holdings to over…
Bitcoin experienced a brief price drop over the weekend, falling below $100,000 for the first time since early May following US airstrikes in Iran. However, it quickly recovered, trading above $101,000 by Monday morning in Asia. This leaves traders wondering if this was a minor setback or the beginning of a larger trend. A Temporary…
Bitcoin’s price has taken a significant dive, and experts are weighing in on what this means for the future of the cryptocurrency. Geopolitical Tensions and Market Reactions Recent conflicts between Iran and Israel have rattled financial markets, and the crypto market is feeling the impact. Bitcoin, which had comfortably sat above the $100,000 mark for…
